Financial results in 2017
Financial flows within Alliander
Alliander’s income is made up of approximately 85% income from the regulated activities of Liander and 15% other income, the latter being income from activities outside the Netherlands, income related to new activities and other income such as from the rental of large-user meters and transformers and from the activities of other companies outside the regulated energy sector. The network operator Liander will be publishing its own annual report on its performance in 2017 during the second quarter of 2018.
The main expenditure relates to maintenance work on the electricity and gas distribution networks and the operating expenses connected with all other activities. On top of that, we invest in excess of half a billion euros a year in capital projects, mainly concerned with replacing existing assets and expanding the networks, as well as the installation of smart meters. This investment equates to roughly 25% of our total expenditure. In total, these items account for approximately 60% of our overall expenditure. Additionally, there is the dividend payable to our shareholders and the interest payments to the holders of the subordinated perpetual bond loan and the providers of borrowed capital. The dividend and interest payments for 2017 together amounted to approximately 6% of our overall expenditure. Finally, we pay sufferance tax charges to municipal authorities and corporate income tax to the Dutch Tax & Customs Administration. This accounts for another 9% of our outgoings approximately.